Crystallization of Compensation and Damages Liability Risks Arising from Product Defects
First written in FY2016. 10 of 29 entries say "Materialised", first in FY2016. Latest entry: FY2026.
The whole theme swung hardest in 2026: 11 of 58 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Compensation payments ¥163.943 million ¥1.208 million」
Compensation payments related to product defects fell substantially from ¥163.943 million in the previous fiscal year to ¥1.208 million, reducing the compensation burden. Meanwhile, ¥59.473 million in provision expense for product warranties was recognized. - 2026-05-15WorsenedResults
「製品保証引当金繰入額 △993 59,473」
製品保証引当金繰入額が前年度のマイナス計上から当年度は59,473千円となり、製品保証に関する費用負担が拡大している。 - FY2026-H1MitigatedAnnual report
「Compensation payments ¥48.294 million ¥1.190 million」
Compensation payments decreased from ¥48.294 million in the same period of the previous fiscal year to ¥1.190 million, reducing the cost burden related to product defects during the current interim period. - FY2025MaterialisedAnnual report
「Compensation payments ¥163.943 million Provision expense for product warranties ¥36.001 million」
The company recognized ¥163.943 million in compensation payments related to product defects and ¥36.001 million in provision expense for product warranties, incurring compensation and indemnification costs during the current fiscal year as well. - FY2025-H1MitigatedAnnual report
「Provision for product warranties ¥14.117 million -」
The ¥14.117 million in provision expense for product warranties recognized in the same period of the previous fiscal year was not recorded in the current interim consolidated accounting period, and the provision balance for product warranties decreased from ¥31.706 million to ¥22.861 million. - FY2024WorsenedAnnual report
「Provision for product warranties ¥8.845 million」
Provision expense for product warranties increased from ¥2.459 million in the previous fiscal year to ¥8.845 million, increasing the cost burden associated with product warranties. - FY2024-Q2MaterialisedAnnual report
「Provision for product warranties - ¥14.117 million」
The company recognized ¥14.117 million in provision expense for product warranties, which had not been recorded in the same period of the previous fiscal year, resulting in warranty-related costs during the cumulative second quarter. The provision balance for product warranties also increased from ¥23.610 million at the end of the previous fiscal year to ¥37.727 million. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the nine-month period of the third quarter of the current consolidated fiscal year. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in existing risks related to product defects and product warranties. - FY2023-Q1MitigatedAnnual report
「Provision for product warranties ¥186.823 million ¥176.365 million」
The provision balance for product warranties decreased from ¥186.823 million at the end of the previous consolidated fiscal year to ¥176.365 million, reducing the outstanding warranty-related burden. - FY2022-Q3MitigatedAnnual report
「Provision for product warranties ¥12.328 million -」
The ¥12.328 million in provision expense for product warranties recognized in the same period of the previous fiscal year was not recorded during the cumulative third quarter, and the current-period cost burden has decreased. - FY2022-Q2MitigatedAnnual report
「Provision for product warranties ¥12.328 million -」
The ¥12.328 million in provision expense for product warranties recognized in the same period of the previous fiscal year was not recorded during the cumulative second quarter, and the current-period cost burden has decreased. However, the provision balance for product warranties remains at ¥227.382 million. - FY2021MaterialisedAnnual report
「Provision for product warranties ¥228.790 million」
Provision expense for product warranties increased from ¥4.783 million in the previous fiscal year to ¥228.790 million, making the costs associated with product defects and warranties evident for the full fiscal year. - FY2021-Q2MaterialisedAnnual report
「Provision for product warranties - ¥12.328 million」
The company recognized ¥12.328 million in provision expense for product warranties, which had not been recorded in the same period of the previous fiscal year. Costs related to product warranties were therefore incurred during the cumulative second quarter. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risks related to product defects disclosed in the previous fiscal year. - FY2020MitigatedAnnual report
「Consolidated fiscal year (from 1 April 2019 to 31 March 2020): Not applicable.」
The product defect remediation costs recognized in the previous fiscal year were not recorded in the consolidated income statement for the current fiscal year. However, a provision for product warranties continues to be recognized. - FY2020-Q3MaterialisedAnnual report
「Provision for product warranties - ¥6.147 million」
The company recognized ¥61.470 million in provision expense for product warranties during the cumulative third quarter, and costs related to product warranties continue to be incurred. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risks related to product defects disclosed in the previous fiscal year. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risks related to product defects disclosed in the previous fiscal year. - FY2019MaterialisedAnnual report
「Product defect remediation costs ¥94.800 million」
The company recognized ¥94.800 million in remediation costs for defects in products supplied to a specific customer. Although the amount decreased from the previous fiscal year, costs related to product defects continue to be incurred. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risks related to product defects disclosed in the previous fiscal year. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new developments or material changes in the risks related to product defects disclosed in the previous fiscal year. - FY2018WorsenedAnnual report
「The Group has accrued an estimate for remediation costs related to defects in some products delivered to a specific customer.」
Product defect remediation costs amounted to ¥1,569.463 million, a substantial increase from ¥190.000 million in the previous fiscal year. Separately, ¥51.039 million in compensation payments was also recognized as an extraordinary loss. - FY2018-Q3MaterialisedAnnual report
「While compensation costs for defects in some products delivered to a specific customer were recognized as an extraordinary loss,」
For defects in products supplied to a specific customer, the company has moved beyond the previous disclosure of a possible cost burden and recognized ¥50.862 million in compensation payments as an extraordinary loss. In addition, the quarterly consolidated financial statements state that the company may bear part of the costs of addressing defects in some other products, but that a reasonable estimate is difficult. - FY2018-Q2RestatedAnnual report
「Some products delivered to a specific customer have developed defects, and the Group may bear part of the costs of addressing them incurred by the customer. However, as a reasonable estimate of the amount is difficult at this time, the impact has not been reflected in the quarterly consolidated financial statements for the cumulative second quarter.」
The filing states that, even after costs related to defects in previously delivered products were recognized, the possibility remains that the Group may bear part of the costs for products supplied to a specific customer. The amount cannot be reasonably estimated. - FY2017RestatedAnnual report
「As a result of estimating and recording repair costs and other expenses for defects in some electric double-layer capacitors delivered in the past, net income attributable to owners of the parent was ¥925 million, down 26.2% year on year.」
¥190 million in remediation costs for defects in previously delivered products was recognized as an extraordinary loss, and the impact on full-year profit is being assessed. - FY2017-Q3RestatedAnnual report
「As a result of recording repair costs in the second quarter of the current consolidated fiscal year for defects in some electric double-layer capacitors delivered in the past, net income attributable to owners of the parent declined 30.9% year on year to ¥607 million.」
The impact of recording ¥190 million in repair costs in the second quarter for defects in previously delivered products was also reflected in cumulative third-quarter net income. - FY2017-Q2MaterialisedAnnual report
「Recording of repair costs for defects in some electric double-layer capacitors delivered in the past」
The company recorded ¥190 million in repair costs for defects in previously delivered products as an extraordinary loss, along with a ¥35.578 million provision for product warranties. - FY2017-Q1MaterialisedAnnual report
「The company began recording provisions for product warranties in the current fiscal year.」
As the materiality of free repair costs related to quality assurance increased, the company newly recorded a ¥35.578 million provision for product warranties, reducing operating income and other items by the same amount. - FY2016MaterialisedAnnual report
「The company has recorded an estimate for the portion of damages related to defects in certain products delivered to a specific customer for which it has determined that liability for compensation is clear.」
A defect occurred in products supplied to a specific customer, and ¥326 million in compensation costs was recorded as an extraordinary loss.